ABOUT US
PETROKNOWLEDGE ENERGY CONSULTING SERVICES
LLC (PECS) was incorporated on 25th day of February, 2015, in
Abuja, Nigeria. The company is a Limited Liability Company
(LLC). PECS is set out to render oil and gas consultancy and
training of manpower services in the Energy Sector in Nigeria. We
intend to provide services to the domestic oil and gas market in
Nigeria.
Our overarching goal is to enhance performance in our clients
operations to enable them maximize their returns on investment in
the short term and ensure lasting satisfaction of service delivery.
PECS will strategically integrate its business portfolios vertically in
the short term and grow its capability horizontally in the energy, oil
and gas sector, in the long run. PECS will, thereafter, diversify its
portfolio into other viable energy sectors.
Basically, our bottom line is profit-making in all our ventures. As
such, we want to be economically viable as a going concern.
PECS is a consulting outfit engaged in Cash Call Management
Project Risk and Decision Analysis, Feasibility Studies, Energy
Policy / Economic Modeling, Project Economic Evaluation, Project
Management, Process Automation, G & G Studies, Contracting
Process, Cost Estimation, e-procurement and Petroleum Fiscal
Systems & Legislative Framework Analysis and Interpretation. Cost
Recovery Process, Manpower Training & Development is offered in
all aspects of the energy spectrum.
Table of
Contents
04
06
08
10
12
14
16
Management &
Leadership (MLS)
Finance &
Accounting (FAC)
Project Management
Fundamentals (PMG)
Supply Chain
Management (SCM)
Maintenance &
Engineering (MEG)
Health and Safety
(HSF)
Oil & Gas Technology
Basics (OGT)
Calendar -2016
Code
Title
Date (2016)
Venue
Fees
PMG 1081 Petroleum Project Economics and
Decision Analysis
MEG 1123 Basic Petroleum Operations
1st
$4,000
MLS 1041
15th – 19th of August
Abuja,
Nigeria
Abuja,
Nigeria
Accra,
Ghana
Accra,
Ghana
Dubai, UAE
Dubai, UAE
$5,000
Dubai, UAE
$5,000
Dubai, UAE
$5,000
Accra,
Ghana
Accra,
Ghana
Jo’burg,
South Africa
Jo’burg,
South Africa
London, UK
$4,500
31th of October- 4th
of November
7th - 11th of
November
London, UK
$5,000
Houston,
Texas
$5,000
14th - 18th of
November
21th - 25th of
November
28th of November –
2nd of December
5th – 9th of
December
12th -16th of
December
19th – 23rd of
December
Houston,
Texas
Houston,
Texas
Houston,
Texas
London, UK
$5,000
Dubai, UAE
$5,000
Dubai, UAE
$5,000
Introduction to Decision Analysis in
Petroleum Ventures
MLS 2041 Intermediate Risk and Decision
Analysis
PMG 1082 Field Development Project
Management
FAC 1061 Cash Call Management
SCM 1101
Petroleum Agreement and
Contracts
MEG 1021 Data Management and
Communication
OGT 1161 International Oil and Gas
Accounting
FAC 1061 Cash Call Management
SCM 1102
Effective Contractor Management in
Maintenance and Technical Projects
PMG 1083 Project Management Fundamentals
for Administrative Professional
MEG 1121 Operation, Diagnostic and
Maintenance for Oil and Gas
Production
MEG 1122 Decision Analysis for Operations
and Maintenance Professionals
MLS 1042 Competency Development for
Supervisory Excellence in the Oil,
Gas and PetroChemical Industry
OGT 1162 Risk Analysis and Management of
Petroleum Exploration Ventures
MLS 1043 Managing Organizational Change
FAC 1062
FAC 1061
Strategic Cost Management in
Economics Downturn
Cash Call Management
MLS 1044
Strategic Planning
PMG 1084 Life Circle Project Management
-
5th
of August
8th – 12th of August
22nd – 26th of August
29th of August - 2nd
of September
5th - 9th of
September
12th - 16th of
September
19th - 23rd of
September
26th - 30th of
September
3rd - 7th of October
10th - 14th of
October
17th - 21th of
October
24th - 28th of
October
$4,000
$4,500
$4,500
$5,000
$4,500
$4,800
$4,800
$5,000
$5,000
$5,000
$5,000
Course Level: Introductory | Course Code: PMG 1081
Course Level: Introductory | Course Code: PMG 1082
DESIGNED FOR
DESIGNED FOR
Geologists, Engineers, Geophysicists, Managers, Team
Leaders, Economists, and Planners.
YOU WILL LEARN HOW TO
Early career project managers, project engineers, facility
engineers, operations engineers, project controls, and
purchasing personnel who plan, manage, or participate on
multi-discipline field development project teams.
How To:
YOU WILL LEARN HOW TO
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Describe the elements of the decision analysis
process and the respective roles of management
and the analysis team
Express and interpret judgments about risks and
uncertainties as probability distributions and
popular statistics
Represent discrete risk events in Venn diagrams,
probability trees, and joint probability tables
Solve for expected values with decision trees, payoff
tables, and Monte Carlo simulation (hand
calculations)
Craft and solve decision models
Evaluate investment and design alternatives with
decision tree analysis
Develop and solve decision trees for value of
information (VOI) problems
COURSE CONTENT
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Decision Tree Analysis: decision models, value of
information (a key problem type emphasized in the
course), flexibility and control, project threats and
opportunities
Monte Carlo Simulation: Latin hypercube sampling,
portfolio problems, optimization, advantages and
limitations
Decision Criteria and Policy: value measures,
multiple objectives, HSE, capital constraint, risk
aversion
Modeling the Decision: influence diagrams,
sensitivity analysis, modeling correlations
Basic Probability and Statistics: four fundamental
rules including Bayes' rule, calibration and eliciting
judgments, choosing distribution types, common
misconceptions about probability
Expected Value Concept: foundation for decision
policy, features, pitfalls to avoid
Implementing Decision Analysis: problem framing,
guidelines for good analysis practice, team analyses,
computer tools (discussion and demonstrations),
mitigating risks
Evaluating a multi-pay prospect (team exercise)
How To:
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Define the engineering, procurement, and
construction phases and execute them skillfully
Identify key constraints and interfaces and develop
action plans to address them
Develop scopes of work, cost estimates, and
schedules
Prepare project execution plans
Utilize progress measurement and control
techniques
COURSE CONTENT
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Field development programs
The project delivery system
Organization and resources
Engineering
Construction
Project execution plan
HSE and project risk management
Procurement and contracting
Cost estimating
Planning and scheduling
Progress measurement
MORE ABOUT THE COURSE
Upon completion of this course, the participant will
understand the engineering, procurement, and construction
phases, and be able to utilize fit-for purpose project
management techniques and project control tools to
facilitate successful project outcomes. The specific training
received in schedule and cost management will help the early
career project manager make the best decisions possible.
Participants will learn how the project management, drilling
and completion, HSE, land, production, and transportation
disciplines relate to one another and what tools are available
for the project manager to use to ensure interfaces among
key stakeholders are managed.
Course Level: Introductory | Course Code: FAC 1061
Course Level: Introductory | Course Code: SCM 1101
DESIGNED FOR
DESIGNED FOR
Economists  Engineers  Lawyers  Management Staff
 Operations & Commercial Staff
Exploration and production managers, national oil company
managers, government representatives, and others in the oil
industry who expect to be involved in negotiating,
administering, reviewing, managing, directing, and
overseeing international exploration and production
contracts between host governments and outside
contractors.
ABOUT THIS COURSE
In petroleum exploration and production operations, it is
usual for international oil and gas companies (IOCs) and
national oil companies (NOCs) to collaborate in Joint
Ventures (JV). This age old arrangement is intended to
amongst other reasons, share both exploration and financial
risks among participating companies. Such organizations are
referred to as JV Partners while the partners choosing to
manage the operations on behalf of itself and other partners
is called the Operator of the JV. From time to time, the
operator call upon other JV Partners to provide funding for
the operations based primarily on each partner’s equity and
on approved budgets. Such calls for funding are referred to
as ‘Cash Call’. The administration and accounting for Cash
Calls remains a major function for JV Operators and Partner’s
Accounting & Finance Dept. staff, as well as for the crude oil
marketing staff. This course has been designed to explain the
basics, expose the intricate issues and align the provisions of
cash calling in JV contracts with the practical accounting
procedures, financial realities and the crude oil/gas
marketing obligations with the mechanisms for administering
cash calls. Given the extent of class exercises and case
studies that will be employed, this workshop will be
conducted in a classroom setting over a five day period.
COURSE CONTENT
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Basis of Cash Calls in O&G E&P Operations:
Background & Overview of Contract Types
JV Contract’s Fiscal Policy Resulting IN Cash Calls
Cash Call Quantification on Basis of Equity & Cash
Call Account Reconciliation
Oil & Gas E&P JV Budgeting
JV Budgets & Cash Calling Modalities
Cash Call Accounting & Reporting
Outstanding Cash Calls (deficit) and Repayment
Options
Cash Deficit Repayment with Cash or with Oil/Gas.
Entitlement Oil/Gas of JV Partners & Accounting for
Deficit Cash Calls.
Carried Interest in Cash Call payment.
Modified Carry Arrangement
Impact of Cash Default on Operations and
profitability
YOU WILL LEARN HOW TO
How To:
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Distinguish between different types of contracts
Understand the economics terms of an E&P contract
Determine the economic value of various contract
terms
Negotiate and assess the value of contractual terms
COURSE CONTENT
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Types of international petroleum contracts
Important principles and terms in all contracts
Host governments and contractors contract
objectives
Specific features of different types of contracts;
dividing the production
Outline of a typical contract for E&P
Contract operating issues
Funding petroleum development programs
How the contractor is paid
Contractor's risk
Contract economics
Non-financial issues
Analysis of contract provisions
Model contract
Natural gas production under international
contracts
Negotiations workshop
Ethics in international petroleum operations
MORE ABOUT THE COURSE
You will learn the philosophy, evolution, and fundamentals of
international petroleum contracts and have an opportunity
to see how each of these actually works. You will take part in
life-like negotiating sessions mastering many negotiating
techniques, where a mistake is a learning experience not a
disaster.
Course Level: Introductory | Course Code: MEG 1021
Course Level: Introductory | Course Code: OGT 1161
DESIGNED FOR
DESIGNED FOR
This course is foundational and it will be of most benefit to
those with little or basic prior understanding of technical
data used in the E&P industry. Course attendees may hold a
variety of roles such as data or information managers,
technical managers and assistants, technologists, geologists,
geophysicists, etc.
Financial accountants in the oil and gas industry,
Management accountants of IOC’s and NOC’s, Internal and
external auditors of oil and gas companies reporting under
IFRS or US GAAP, Staff of revenue authorities and NOC’s
working with IOC’s, Financial analysts seeking to improve
their understanding of the accounting by oil and gas
companies.
YOU WILL LEARN
YOU WILL LEARN
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
What is data management, why it is important,
understanding of data as an asset, its lifecycle,
benefits of good data management, and its potential
value
The core data types in the E&P industry and valuable
best practices for them
Common data management issues and challenges,
and the impact on the business
The important components of a data management
framework
How to map issues onto a data management
framework.
COURSE CONTENT
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
Data types: definitions
Common data management issues: causes of data
issues, data management best practices, business
impact
Overview of data management: definition, data
lifecycle, importance and value of data
management, benefits of good data management,
business case aspects and barriers
Data management framework: governance,
architecture, security, reference and master data
management, data quality management
MORE ABOUT THE COURSE
You will have the knowledge and tools necessary to
participate in developing a structured data management
framework, which will deal with these issues in a practical
and effective manner to ensure business efficiency and value
is realized. This course provides an understanding of essential
data management and communication principles and
concepts using an interactive classroom format; participants
will have the opportunity to learn from presentations,
exercises, and interactive discussions.
How To:
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
Understand and apply a series of major financial
accounting principles and standards that are
particularly relevant to oil and gas firms' activities
Calculate and interpret financial and operational
metrics used to analyze the costs, profitability,
efficiency, and value added by a firm's exploration
and production activities
The implications for the oil and gas industry of the
IASB's project on extractive industries
COURSE CONTENT
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
Fundamental Concepts of Oil and Gas Accounting
Methods
o Successful efforts
o Full cost
IFRS 6 Exploration for and Evaluation of Mineral
Resources
Oil and Gas Accounting
o Non-drilling exploration costs
o Drilling exploration costs
o Development costs
o Production
o Depreciation, depletion, and amortization
Additional Major Accounting Issues for the Oil and
Gas Industry
o Dismantlement, restoration and
abandonment ("asset retirement
obligations")
o Capitalization of interest costs
o Asset impairment under both successful
efforts and full cost accounting methods
o Update on the IASB's Project for Extractive
Industries Financial Reporting
o SEC Oil & Gas Modernization Act
o Where to find key data relating to firms'
exploration and production activities.
Course Level: Introductory | Course Code: FAC 1062
Course Level: Introductory | Course Code: SCM 1102
DESIGNED FOR
DESIGNED FOR
Professionals responsible for significant functions and
budgets, Design professionals and designers, Production
managers, Purchasing and supply chain professionals,
marketing and sales team, Finance heads and budgeting
managers.
Operations & Maintenance professionals, All professionals
involved in contractor management, Contract management
teams, Shutdown and Turnaround management teams,
Anyone who wishes to update themselves on contractor
management.
WHY ATTEND THIS COURSE?
WHY ATTEND THIS COURSE?
In a volatile global business environment and particularly
during an economic downturn there is intense pressure to
create and deliver value to key stakeholder groups with
minimum waste and maximum cost efficiency. Customers
demand quality at the right price, funding providers expect a
return on their investment that reflects the risks in today’s
global market for capital.
This highly interactive training course will explore and
guarantee the importance and relevance of understanding
how Contractor Management will fit right into the Asset
Management framework. This course will demonstrate how
to properly select the right contractor and contract type that
will suit various sourcing strategies, including how to manage
and monitor the outcome.
The most successful organizations have used strategic cost
management to balance these challenging demands. This
highly practical course provides valuable insights in to how
delegates can apply these cost management principles in
their own organizations.
The course will focus on topics such as risk management,
partnerships, negotiating, people management (winning the
hearts of the people) and applying contracts in a complex
project environment (Turnkey contracts, PPP).
This course will feature:
This training course will feature:





The nature of modern global competition
Understanding the nature and behaviour of costs
Strategies for planning and managing costs
Modern techniques for strategic cost reduction
Overcoming barriers to achieving cost reduction
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



Sourcing strategy within Asset Management
Contract types in several environments
Monitoring & managing performance and risk
Negotiating the contract
Continuous improvement aspects
COURSE CONTENT
COURSE CONTENT
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
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
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


The Context and Drive for Cost Reduction
The global competition for customers and investors
Creating and measuring stakeholder value
The drive for quality and customer value
Developing a winning business model
Building strategic capability through key resources
and competences
Understanding and Planning for Costs
Key costs in global business
Approaches to understanding cost behaviour
Tools for analysing and forecasting business costs
A framework for strategic performance
management
Identifying and using appropriate cost measures and
targets
A Strategic Approach to Managing and Reducing
Costs.
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









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


Contractor Management Basics
Overview of contractor management
Relationship with asset management
Sourcing strategies
Risks involved – risk management
Contract Types for Maintenance & Technical
Projects
Contracts – basic types
Contracts – complex types (Turnkey, D&C, PPP)
Procurement aspects
Choosing the right contractor
Monitoring & managing contractor performance
Developing the Contract
The contracting cycle
Writing the contract
Vendor management
People Management & Negotiation Aspect
Course Level: Introductory | Course Code: FAC 1062
Course Level: Introductory | Course Code: SCM 1102
DESIGNED FOR
DESIGNED FOR
Professionals responsible for significant functions and
budgets, Design professionals and designers, Production
managers, Purchasing and supply chain professionals,
marketing and sales team, Finance heads and budgeting
managers.
Operations & Maintenance professionals, All professionals
involved in contractor management, Contract management
teams, Shutdown and Turnaround management teams,
Anyone who wishes to update themselves on contractor
management.
WHY ATTEND THIS COURSE?
WHY ATTEND THIS COURSE?
In a volatile global business environment and particularly
during an economic downturn there is intense pressure to
create and deliver value to key stakeholder groups with
minimum waste and maximum cost efficiency. Customers
demand quality at the right price, funding providers expect a
return on their investment that reflects the risks in today’s
global market for capital.
This highly interactive training course will explore and
guarantee the importance and relevance of understanding
how Contractor Management will fit right into the Asset
Management framework. This course will demonstrate how
to properly select the right contractor and contract type that
will suit various sourcing strategies, including how to manage
and monitor the outcome.
The most successful organizations have used strategic cost
management to balance these challenging demands. This
highly practical course provides valuable insights in to how
delegates can apply these cost management principles in
their own organizations.
The course will focus on topics such as risk management,
partnerships, negotiating, people management (winning the
hearts of the people) and applying contracts in a complex
project environment (Turnkey contracts, PPP).
This course will feature:
This training course will feature:





The nature of modern global competition
Understanding the nature and behaviour of costs
Strategies for planning and managing costs
Modern techniques for strategic cost reduction
Overcoming barriers to achieving cost reduction





Sourcing strategy within Asset Management
Contract types in several environments
Monitoring & managing performance and risk
Negotiating the contract
Continuous improvement aspects
COURSE CONTENT
COURSE CONTENT













The Context and Drive for Cost Reduction
The global competition for customers and investors
Creating and measuring stakeholder value
The drive for quality and customer value
Developing a winning business model
Building strategic capability through key resources
and competences
Understanding and Planning for Costs
Key costs in global business
Approaches to understanding cost behaviour
Tools for analysing and forecasting business costs
A framework for strategic performance
management
Identifying and using appropriate cost measures and
targets
A Strategic Approach to Managing and Reducing
Costs.
















Contractor Management Basics
Overview of contractor management
Relationship with asset management
Sourcing strategies
Risks involved – risk management
Contract Types for Maintenance & Technical
Projects
Contracts – basic types
Contracts – complex types (Turnkey, D&C, PPP)
Procurement aspects
Choosing the right contractor
Monitoring & managing contractor performance
Developing the Contract
The contracting cycle
Writing the contract
Vendor management
People Management & Negotiation Aspect
Course Level: Introductory | Course Code: PMG 1083
DESIGNED FOR
Anyone in an administrative role, working in a project
environment, who wants to increase their effectiveness and
efficiency levels, and increase the success of projects, they
are involved in.
Course Level: Introductory | Course Code: MEG 1121
DESIGNED FOR




WHY ATTEND THIS COURSE?
This training course has been specifically designed to develop
the project management competency of administration
personnel; by equipping them with the key skills, knowledge
and understanding to assist excellence to those that require
service in the work place.
This training course will provide a practical approach that
gives participants with the basic knowledge, processes, skills,
tools and techniques, recognized as best practice in the
industry, that the project administrator use in order to
enhance the chances of project success.
Operations & Maintenance professionals
Operations Engineers
Maintenance Engineers
Engineering Supervisors and Team Leaders to give
them a practical understanding of real world
situations in an oil and gas production environment
WHY ATTEND THIS COURSE?
This course is structured to provide the delegates with the
appropriate mix of technical fundamentals and practical best
practices to maximize their learning. Oil & Gas Process plant
design. Rotating equipment, pressure vessels, above-ground
atmospheric storage tanks, and piping systems represent
major capital investment in any Oil/Gas Production
operation. Good design and construction is required as these
equipments and piping systems are subject to a number of
damage mechanisms throughout their service life that could
result in serious or even catastrophic failures.
This training course will feature:
This course will feature:



An insight into how projects are Initiated, planned,
implemented and closed
Recommendations
on
how
administrative
professionals can aid the project management
environment
Project management skills that can be used by
administrators immediately upon returning to office

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Design, operation and maintenance of rotating
equipment
Design, operation and maintenance of pressure
equipment and tankage
Materials and construction
System design integration
Equipment specification and management
COURSE CONTENT
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Project Management Overview
Responsibilities & Competencies of the Project
Administrator
Project Management Processes, Knowledge Areas &
Initiation
Competency Description
Project Management Processes
Project Management Knowledge Areas
Project Initiation
Project Planning Tools and Techniques
Project Planning
Project Execution, Monitoring & Control
Manage and coordinate project execution
Communicating success
Team recognition
Learning for future projects
COURSE CONTENT
 Rotating Equipment
 Pumps & Compressors
 Pump & Compressor Performance
 Static Plant
 Materials & Construction
 System Design
 Process Flow Schemes & Process Engineering Flow
Schemes
 Commissioning
 Specifications
 Procurement Requirements
 KPIs for the mechanical engineer
 Benchmarking
Course Level: Introductory | Course Code: MEG 1122
DESIGNED FOR
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

Operation and Maintenance Professionals
Key Operations Supervisors
Internal Improvement Consultants
WHY ATTEND THIS COURSE?
This course examines techniques for decision analysis with
emphasis on prioritization and the decision making process
to be carried out by Operation & Maintenance Professionals.
Decision-making is the most central human activity, intrinsic
in our biology and done both consciously and unconsciously.
We need it to survive.
This course will feature:





Breaking a problem down into its constituent parts
or components, in the framework of a hierarchy.
Establishing importance or priority to rank the
alternatives is a comprehensive & general way to
look at the problem in a formal manner.
Application of multi criteria decision-making
(MCDM) to practical problems.
Introduction to different operational research &
management science methods.
Enhance decision-making with goals and criteria &
show how to measure and rank them.
COURSE CONTENT
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Introduction to Decision Making
Scope and significance of decisions
The Decision making process
Implementing Multiple Criteria Decision Analysis
using the Analytic Hierarchy Process (AHP)
Risk Management through Failure Mode & Effect
Analysis (FMEA)
Fault Tree Analysis
Risk Priority Number
The Criticality Matrix
Modeling Reliability of Systems
Series and Parallel Systems
The Redundancy Concept
MRP and ERP Systems
Master Production Schedule
Decision Analysis for Optimization of Maintenance
Activities
Course Level: Introductory | Course Code: MLS 1022
DESIGNED FOR
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


New & Experienced Supervisors
Team Leaders & Line Managers
Projects & Process Engineers & Managers
Senior Engineers
WHY ATTEND THIS COURSE?
This course has been specifically designed to develop the
competency of supervisory personnel in the oil and gas
sectors by equipping them with the knowledge, skills and
understanding to achieve Supervisory Excellence in this
critical, high hazard industry. On the course you will learn
about utilizing management and leadership techniques to
identify risks, problem solve, delegate, communicate
effectively, develop yourself and others, control your team,
your work environment; as well as create a climate and
culture for improved safety.
This course will feature:
 The unique and important role of the supervisor as a
master key for organizational success and
development
 Analyzing risks and problems and providing effective
decisions
 Delegating skills and controlling meetings
 Excellent interpersonal and communications skills
techniques
 Methods in achieving the safety culture and target
zero
 Developing people and team performance
COURSE CONTENT
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Understanding the Supervisory role as a Key
Member of the Organization
Supervisors as a master key for organizational
success and development
Managing or Leading?
Creating vision and initiatives
Inspiring change and innovations leading to
continuous improvement
Personal Accountability, Reliability, Integrity and
Honesty
Problem Solving, decision Making and delegation
Analyzing situations and data
Lateral and Vertical problem solving
Decision making process
Delegation skills
Assessing risks and analyzing problems
Problem solving and decision making process
Job enrichment and motivation
Mastering the art of delegation